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Question
Assume that the dollar value of a Swiss franc is 0.8600 (dollar per franc), and that U.S. importers start to like Swiss watches more than they did in the past. Assume that the Swiss Central Bank wants to keep the Swiss franc fixed at 0.8600. To intervene, they have to:
a. buy up Swiss francs and sell dollars.
b. buy up dollars and sell Swiss francs.
c. buy up both dollars Swiss francs.
d. sell both dollars and Swiss francs.
Answer
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Related questions
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Q:
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Q:
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